Facebook blockchain leader: will share data with the authorities, does not rule out that traditional banks will join the Libra project

David Marcus, head of the Facebook blockchain, said in an interview with the Brazilian newspaper "Sao Paulo" that the Libra project will keep a distance from Bitcoin and will share Libra's data with the crime prevention authorities to ensure compliance. The article also claims that Facebook initially did not plan to profit from Libra's transaction fees and intends to minimize the transaction-related costs. Despite this, the company reserves the right to change these rules. In addition, Facebook intends to provide financial services through the Calibra wallet. Kevin Weill, vice president of products, also confirmed that the company will provide credit services. Marcus said that it is not excluded that traditional banks will join the project.